Algert Global LLC Acquires 14,559 Shares of Roku, Inc. $ROKU

Key Points

• Algert Global LLC increased its stake in Roku, Inc. by 19.1%, owning approximately 90,846 shares valued at $6.4 million after acquiring additional shares in the first quarter.
• Roku's stock price rose by 3.2%, opening at $90.29, while the company reported a quarterly earnings per share of $0.07, beating analyst expectations significantly.
• Insider selling activity included CAO Matthew C. Banks and CEO Anthony J. Wood, who sold shares representing 39.28% and 60.33% of their respective holdings, indicating a notable decrease in their ownership.

Algert Global LLC increased its stake in Roku, Inc. (NASDAQ:ROKU - Free Report) by 19.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,846 shares of the company's stock after purchasing an additional 14,559 shares during the quarter. Algert Global LLC owned 0.06% of Roku worth $6,399,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROKU. Garde Capital Inc. purchased a new stake in Roku in the first quarter worth approximately $25,000. Golden State Wealth Management LLC boosted its holdings in Roku by 125.4% in the first quarter. Golden State Wealth Management LLC now owns 444 shares of the company's stock worth $31,000 after purchasing an additional 247 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in Roku in the first quarter worth approximately $35,000. First PREMIER Bank purchased a new stake in Roku in the first quarter worth approximately $35,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in Roku in the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 86.30% of the company's stock.

Roku Price Performance

Shares of ROKU stock traded down $0.0640 on Wednesday, hitting $88.7360. 2,239,979 shares of the stock traded hands, compared to its average volume of 4,001,164. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of -211.48, a PEG ratio of 12.92 and a beta of 2.05. Roku, Inc. has a 52 week low of $52.43 and a 52 week high of $104.96. The firm has a 50 day simple moving average of $86.62 and a two-hundred day simple moving average of $77.45.

Roku (NASDAQ:ROKU - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.23. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.07 billion. Roku had a negative net margin of 1.40% and a negative return on equity of 2.44%. The company's revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm earned ($0.18) EPS. Roku has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Sell-side analysts forecast that Roku, Inc. will post -0.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ROKU shares. Benchmark reiterated a "buy" rating and set a $130.00 price target on shares of Roku in a research note on Friday, May 2nd. Needham & Company LLC lifted their price target on shares of Roku from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. JMP Securities lifted their price target on shares of Roku from $95.00 to $110.00 and gave the stock a "market outperform" rating in a research note on Monday, July 21st. UBS Group lifted their price target on shares of Roku from $72.00 to $95.00 and gave the stock a "neutral" rating in a research note on Friday, August 1st. Finally, KeyCorp lifted their price target on shares of Roku from $115.00 to $116.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $98.96.

Insider Activity at Roku

In other Roku news, insider Charles Collier sold 212,559 shares of Roku stock in a transaction on Monday, July 21st. The shares were sold at an average price of $95.00, for a total value of $20,193,105.00. Following the sale, the insider directly owned 200 shares in the company, valued at approximately $19,000. The trade was a 99.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anthony J. Wood sold 25,000 shares of Roku stock in a transaction on Monday, August 11th. The shares were sold at an average price of $82.42, for a total transaction of $2,060,500.00. Following the completion of the sale, the chief executive officer owned 16,441 shares in the company, valued at approximately $1,355,067.22. This represents a 60.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,233 shares of company stock valued at $30,690,391. 13.98% of the stock is currently owned by insiders.

About Roku

Roku, Inc, together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.